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Top Stock #4 – Enersis (ENI)
Enersis (ENI) is the largest utility in Latin America with almost 12 million customers. This emerging
market is seeing booming demand for energy right now — and additionally, has fewer pollution controls and regulations that cut into profitability.ENI posted a 50% increase in earnings in the first quarter, proving that even in a recession this stock is booming due to strong energy demand in
the region. This jump is only the beginning, since like China, Latin America’s economy has been much stronger than developed nations. Consider that
while U.S. GDP declined nearly 6% in the second quarter, Brazil’s economy grew 2%! Just imagine how much electricity demand will spike once the worldwide
recovery takes hold.
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